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Scary-Monsters
Joined: 11 Oct 2014
Posts: 24
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 Posted: Tue Jan 03, 2023 12:06 pm
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Square Enix constantly shooting itself in the foot has been very entertaining.
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otastorian
Joined: 02 Aug 2018
Posts: 64
Location: otakuhistoryguy.blogspot.com
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Posted: Tue Jan 03, 2023 12:19 pm
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Wish they would focus on getting the DQ3 remake done and published before goofing around with these grifter empire toys.
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Beatdigga
Joined: 26 Oct 2003
Posts: 4699
Location: New York
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Posted: Tue Jan 03, 2023 12:22 pm
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Is this actually a profitable sector? The NFT market has collapsed on itself and even cryptocurrency is in a massive recession.
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smurky turkey
Joined: 30 Jan 2022
Posts: 3069
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Posted: Tue Jan 03, 2023 12:24 pm
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| Beatdigga wrote: | | Is this actually a profitable sector? The NFT market has collapsed on itself and even cryptocurrency is in a massive recession. |
Probably not, but Square wants to try everything possible to make more money.
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CrimeVsCrime
Joined: 10 Nov 2022
Posts: 30
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Posted: Tue Jan 03, 2023 12:35 pm
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| Beatdigga wrote: | | Is this actually a profitable sector? The NFT market has collapsed on itself and even cryptocurrency is in a massive recession. |
Does that include Japan? Japan never joined the bandwagon hate on crypto or NFTs. Some big sites like Skeb use crypto and stuff to commission artists and a lot of big mangaka and anime studios sell NFTs. Either way, those NFT figures of the FF7 characters are easily the best figures they've ever gotten. Much better than the usual Playarts Kai stuff. So more like those, please.
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Hoppy800
Joined: 09 Aug 2013
Posts: 3331
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Posted: Tue Jan 03, 2023 12:44 pm
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| CrimeVsCrime wrote: |
| Beatdigga wrote: | | Is this actually a profitable sector? The NFT market has collapsed on itself and even cryptocurrency is in a massive recession. |
Does that include Japan? Japan never joined the bandwagon hate on crypto or NFTs. Some big sites like Skeb use crypto and stuff to commission artists and a lot of big mangaka and anime studios sell NFTs. Either way, those NFT figures of the FF7 characters are easily the best figures they've ever gotten. Much better than the usual Playarts Kai stuff. So more like those, please. |
NFTs rarely sell well in Japan (It's usually NFTs from the big legacy or large franchises that sell) and crypto for commissions is to avoid censorship from Mastercard for example, which is not bad at all unlike NFTs.
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residentgrigo
Joined: 23 Dec 2007
Posts: 2639
Location: Germany
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Posted: Tue Jan 03, 2023 12:57 pm
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For all that missed it. This was the new year´s announcement by SE.
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Toloran
Joined: 22 Jul 2010
Posts: 34
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Posted: Tue Jan 03, 2023 1:41 pm
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| Beatdigga wrote: | | Is this actually a profitable sector? The NFT market has collapsed on itself and even cryptocurrency is in a massive recession. |
No, but changing course at this point would mean admitting that the idea was dumb in the first place. Upper management would rather waste money (and hope it pays off anyway) than admit they made a mistake.
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Iron Maw
Joined: 29 May 2008
Posts: 542
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Posted: Tue Jan 03, 2023 1:46 pm
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| Scary-Monsters wrote: | | Square Enix constantly shooting itself in the foot has been very entertaining. |
Except this won't cost them much of anything given they recently had some of the most successful financial year in the company's history. If anything this won't be serious venture from them and it will simply be written off as loss if fails. So whose foot being shot here? Some people need to can the dramatics on how the company is constantly doomed despite it not panning it out in reality.
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Top Gun
Joined: 28 Sep 2007
Posts: 4889
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Posted: Tue Jan 03, 2023 2:12 pm
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Literally. no. one. wants. this.
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fathomlessblue
Joined: 28 Mar 2012
Posts: 402
Location: Manchester, UK
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Posted: Tue Jan 03, 2023 2:15 pm
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Here's to Square Enix's blockchain investments working out as well for them in 2023 as their live service strategy did last year. *offers a one-fingered salute to Babylon's Fall, FFVII: The First Soldier & Chocobo GP*
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AiddonValentine
Joined: 07 Aug 2006
Posts: 2423
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Posted: Tue Jan 03, 2023 2:43 pm
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| Beatdigga wrote: | | Is this actually a profitable sector? The NFT market has collapsed on itself and even cryptocurrency is in a massive recession. |
It's just Matsuda engaging in the sunk-cost fallacy. The reality of the matter is Japan was late to NFTs and got into just when the market crashed. I expect a couple years of nonsense before they all move on.
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Iron Maw
Joined: 29 May 2008
Posts: 542
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Posted: Tue Jan 03, 2023 4:22 pm
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| fathomlessblue wrote: | | Here's to Square Enix's blockchain investments working out as well for them in 2023 as their live service strategy did last year. *offers a one-fingered salute to Babylon's Fall, FFVII: The First Soldier & Chocobo GP* |
Actually their live-service games have been some of their biggest source of profits. In fact GaaS in general doing far better than traditional game consoles in Japan. Cherrypicking some duds doesn't change that since some failures are common in that space. Some examples of their successful GaaS games off the top of my head: FFXIV, War of the Visions: Final Fantasy Brave Exivus, Octopath Traveler, Champions of the Continent, Re:SaGa Universe and Dissidia Final Fantasy Opera Omnia.
Here is actual fiscal report data:
https://www.hd.square-enix.com/eng/ir/library/pdf/ar_2022en.pdf
Basically too many people here throwing around weird claims without anything to back that up either out of bias against moblie gaming or the company itself.
| AiddonValentine wrote: |
| Beatdigga wrote: | | Is this actually a profitable sector? The NFT market has collapsed on itself and even cryptocurrency is in a massive recession. |
It's just Matsuda engaging in the sunk-cost fallacy. The reality of the matter is Japan was late to NFTs and got into just when the market crashed. I expect a couple years of nonsense before they all move on. |
This.
Its just something to make shareholders happy before its quietly abandoned.
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DamianSalazar
Joined: 25 Jul 2017
Posts: 792
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Posted: Tue Jan 03, 2023 4:42 pm
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I was bang on about this one in the previous chat about Square Enix. Saw this one coming from a mile away. Probably the most shameless Japanese video game developer.
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Iron Maw
Joined: 29 May 2008
Posts: 542
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Posted: Tue Jan 03, 2023 4:54 pm
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| DamianSalazar wrote: | | I was bang on about this one in the previous chat about Square Enix. Saw this one coming from a mile away. Probably the most shameless Japanese video game developer. |
Except other gaming companies are getting in NFTs (Sega, Unisoft etc) so its the whole industry not one lone group.
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